Songwon Industrial Group reports net proft in the fourth quarter dropped 61, to 4.1 billion South Korean won ($3.5 million), on 2.9 lower sales of W161.6 billion. EBITDA rose 16.1, to W24.5 billion, and EBITDA margin advanced from 12.7 in the fourth quarter of 2015 to 15.2 in the latest quarter. In full-year 2016, net proft was up 47.5, to W42.2 billion, on 6.1 higher sales of W694.3 billion. Overall, 2016 was a good year with almost all product lines contrib- uting to the company’s growth, Songwon says.
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